COPENHAGEN (Reuters) - Freight forwarder DSV on Thursday posted a fourth-quarter operating profit before special items below expectations as it took another hit from declining freight rates and consumer demand.
Its earnings before interest, tax and special items fell to 3.95 billion Danish crowns ($572.28 million) from 4.75 billion a year ago, lagging an average forecast of 4.14 billion in a poll of analysts conducted by the company.
DSV said it expects operating profit before special items this year of between 15 billion and 17 billion crowns, compared with 17 billion expected by analysts.
($1 = 6.9022 Danish crowns)